CID Holdco, Inc. (NASDAQ:DAIC – Get Free Report) saw a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 253,375 shares, a drop of 37.9% from the January 29th total of 408,295 shares. Based on an average daily trading volume, of 173,966 shares, the short-interest ratio is currently 1.5 days. Based on an average daily trading volume, of 173,966 shares, the short-interest ratio is currently 1.5 days.
Hedge Funds Weigh In On CID Holdco
A number of institutional investors have recently made changes to their positions in DAIC. Blue Owl Capital Holdings LP bought a new position in CID Holdco in the fourth quarter valued at $251,000. Bank of America Corp DE bought a new stake in CID Holdco during the second quarter worth about $2,267,000. Mutual Advisors LLC purchased a new position in shares of CID Holdco in the 3rd quarter worth about $701,000. Moore Capital Management LP bought a new position in shares of CID Holdco during the 3rd quarter valued at about $398,000. Finally, Highbridge Capital Management LLC purchased a new position in shares of CID Holdco during the 2nd quarter valued at about $513,000.
CID Holdco Stock Performance
NASDAQ DAIC opened at $0.24 on Friday. The company’s 50 day simple moving average is $0.42 and its two-hundred day simple moving average is $2.02. CID Holdco has a 1 year low of $0.22 and a 1 year high of $75.00.
Analyst Ratings Changes
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CID Holdco in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.
Read Our Latest Report on CID Holdco
CID Holdco, Inc is a manufacturing company in the Computer Software industry.
Further Reading
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